Listing provided courtesy of Platinum Partners RealtorsMREDas Distributed by MLSGrid- MLS# 12158047MLS Provider

3921 W TOUHY AvenueLincolnwood, IL 60712

Commercial · 4,800 Sq. ft.
$1,200,000 Active

3921 W TOUHY Avenue Overview

Time on Site:
660 days
Visits:
11

Prime Investment Opportunity | 7.78% CAP | Fully Leased Retail Strip in Lincolnwood Exceptional opportunity to acquire a fully stabilized retail strip center in a high-visibility, high-traffic corridor of Lincolnwood. This B2-zoned property is 100% occupied with long-term tenants, offering immediate and reliable income from day one. The building features approximately 4,800 square feet of leasable space, currently configured as three 1,600 SF units, providing flexibility for a diverse tenant mix. Located in a densely populated and highly desirable trade area, the property benefits from strong surrounding demographics, including approximately 15,000 residents within a 1-mile radius, nearly 300,000 within 3 miles, and over 800,000 within 5 miles. The average household income in the area exceeds $100,000, supporting consistent retail demand. Adding to the long-term upside, the highly anticipated District 1860 mixed-use development-just 0.6 miles away at Touhy & Lincoln-will significantly enhance both foot and vehicle traffic in the immediate area, further strengthening retail activity and tenant stability. The property has been extensively updated, including a new roof, HVAC/AC systems, water heater, and electrical, making it a low-maintenance, turnkey investment. In addition, the site offers 15+ parking spaces, ensuring convenience for both tenants and customers. With a diverse and dynamic demographic base, this location supports a wide range of retail and service-oriented businesses without reliance on a single customer segment. This is a rare opportunity to secure a well-maintained, income-producing asset in one of the most active retail corridors in the North Shore market.

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3921 W TOUHY Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 4,800
  • Price/Sq.ft. $250

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: N/A
  • Net Operating Income: 93208

Building Information

  • Year Built: 1970

Business Information

  • Business Type: Retail
  • Current Use: Medical/Dental

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Lincolnwood
  • Township: Niles

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Operating Stops, Taxes, Insurance, Repairs, Scavenger, Tax Stops, Sewer

Tax Information

  • Tax Annual Amount: $30,992.00
  • Tax Year: 2023

General Information

  • Parcel Number: 10351000360000
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 4800

General Information

  • Cooling: Central Air, Central Individual
  • Electric: Separate Meters
  • Leasable Area: 4800
  • Stories: 1

Unit Information

  • Unit SqFt.: 4800

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 100X140
  • Lot Size Square Feet: 47043

General Information

  • Number Of Units Total: 3

3921 W TOUHY Avenue Neighborhood

Community

60712 (Lincolnwood) Demographics

46
Median Age
4,639
Population Density (per sq. mile)
62%
College Educated
$90,422
Estimated Median Income
3,578
Estimated Total Home Owners
827
Estimated Total Renters
81% / 19%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3921 W TOUHY Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3921 W TOUHY Avenue Market Data

Based on the last 30 days in this zip code

$828,571
Average List Price
$286
Average Price per Square Foot
11
Properties Sold
57
Average Days on Market
32
Properties for Sale
Calculations provided by Reliance Network

3921 W TOUHY Avenue History

Date Event Value Agent
4/21/2026Source: MRED Status Change
Active
4/16/2026Source: MRED Status Change
Re-activated
3/10/2026Source: MRED Status Change
Contingent
9/14/2025Source: MRED Status Change
Active
9/9/2025Source: MRED Status Change
Re-activated
9/15/2024Source: MRED Status Change
Active
9/9/2024Source: MRED Price Reduction
$1,200,000 -90.0%
9/7/2024Source: MRED Added to Database
September 07, 2024